T/A ETF AND INDEX

[skidstreet]

" there has to be Fundamentals to support."

Uhh no, not really. It's all about liquidity and the amount of dollars available to chase stocks, bonds and commodities. The FED is signaling it is going to increase inflation and the first place it will show up is in those assets mentioned above. The real economy limps along with high unemployment, more foreclosures, record food stamps, etc, but that won't stop the bull market as long as the money flows. Add to that the fact that 75% of trades on the NYSE are computers trading with other computers with no people involved other than the ones that wrote the trading program. Take it from a guy that tried to be a long term investor buying good companies and holding for the long term, it just doesn't work because some "event" will come along and shake you out of your investment. Basically what I'm saying is the stock market is a casino that lends itself to short term trading. Don't try to make any more of it than that. Fundamentals WILL rule at some point in the future but it's anyones guess when.